Newly Established Resort Investment Opportunity in Weligama, Sri Lanka

- The business proposal outlines the development of a luxury boutique resort in Weligama Bay, featuring 20 exclusive luxury villas, a wellness spa, an infinity plunge pool, a yoga center, and a gourmet restaurant, all with stunning river views.
- The property, spanning 144.5 perches of riverfront land, is strategically located just a 5-minute walk from the Weligama Marriott Bay Resort, ensuring a steady flow of visitors and potential guests.
- The investment opportunity offers substantial returns, with a forecasted recoupment of the initial investment within five years of operation, driven by high demand from international tourists, taking advantage of the tourism boom in Sri Lanka.
- The land, valued at LKR 289 million by the government, has an actual market value of LKR 361.25 million, making it the largest available riverfront plot with a clear deed.
- Investment goal is to raise LKR 360 million for a 49% voting stake in the company on paper in adherence to Sri Lankan law which limits foreign property ownership through a company to 49%, with 51% remaining locally held.
- However, a 2% stake will be non-voting which would enable both partners to have equal rights over the company, hence the equity is given as 50%.
- The construction of the Villas resort is projected at LKR 300 million but the promoter being a local, can secure this for a reduced cost while maintaining high quality.
- An additional LKR 60 million will address the bank mortgage and owner.
- An NDA will ensure equal distribution of decision-making power.
- The villa designs and resort layout shared in this proposal is flexible and can be tailored to the preferences of the investor in this venture.